Goldman Sachs (GS) Earnings Q3 2009
Highlights:
- The Goldman Sachs Group, Inc. today reported net revenues of $12.37 billion and net earnings of $3.19 billion for its third quarter ended September 25, 2009.
- Earnings per common share were $5.25.
- Goldman Sachs continued its leadership in worldwide mergers and acquisitions, ranking first in worldwide announced transactions for the calendar year-to-date.
- Fixed Income, Currency and Commodities (FICC) generated quarterly net revenues of $5.99 billion, reflecting strong results across most businesses.
- Equities generated quarterly net revenues of $2.78 billion, reflecting strong results across the franchise.
- The firm's Tier 1 capital ratio under Basel I was 14.5% as of September 25, 2009, up from 13.8% as of June 26, 2009. The firm's Tier 1 common ratio under Basel I was 11.6% as of September 25, 2009, up from 10.9% as of June 26, 2009.
- On July 22, 2009, the firm repurchased the warrant issued to the U.S. Treasury pursuant to the Treasury's TARP Capital Purchase Program for $1.1 billion. The U.S. taxpayers' annualized return on their total investment in the firm was approximately 23%.
Earnings estimates from CNN Money
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